The Ibex 35 opens in the green and maintains 11,100 points after the CPI, GDP and results in Spain

MADRID, 30 Jul. (EUROPA PRESS) – The Ibex 35 has started the session on Tuesday with a rise of 0.1%, which has led it to stand at 11,128.4 points at 9:00 am, in a day marked by the publication of business results, the Consumer Price Index (CPI) and the Gross Domestic Product (GDP) in Spain. In the business field, Unicaja Banco informed the National Securities Market Commission (CNMV) before the market opened that it closed the first half of the year with a net attributable profit of 294 million euros, equivalent to an increase of 98.6% compared to the same period last year. Indra, for its part, obtained a net profit of 114 million euros between January and June 2024, a figure 27% higher than that of the same period in 2023, and has proceeded to revise upwards its objectives for the year as a whole. Under the macroeconomic umbrella, the Spanish economy grew by 0.8% in the second quarter of the year, the same as in the previous quarter, and accelerated its year-on-year growth by three-tenths, to 2.9%, according to the advance data of National Accounting published this Tuesday by the National Institute of Statistics (INE). On the other hand, the CPI fell by 0.5% in July compared to the previous month and cut its year-on-year rate by six-tenths, to 2.8%, due to lower electricity and food costs, according to the data advanced this Tuesday by the INE. In the early stages of this session, the biggest rises within the Ibex 35 were recorded by Grifols (+0.99%), Puig Brands (+0.86%) and Colonial (+0.77%), while on the other side the most notable 'red lanterns' were Naturgy (-2.46%), due to the 'ex-dividend' effect, Sacyr (-0.8%) and Unicaja Banco (-0.75%). However, minutes after the stock market opened, around 9.10 am, Unicaja Banco increased its fall to 7.32%, with its shares at 1.241 euros. The main European stock markets opened this Tuesday with a mixed sign. Specifically, London fell 0.42%, while Milan, Paris and Frankfurt rose 0.34%, 0.28% and 0.26%, respectively. At the opening of the stock market, the price of a barrel of Brent crude oil, the benchmark for the Old Continent, was above 78 dollars, down 0.40%, while Texas fell 0.38% to 75.52 dollars. On the foreign exchange market, the euro against the dollar was quoted at 1.0824 greenbacks, with the interest rate on the 10-year bond at 3.169%.

Hritik Verma: